When a crisis hits, the ability to sidestep disaster depends on the effectiveness of your company's response. Preparedness and oversight of crisis management is a key responsibility of the board of directors.
Our new white paper, published in collaboration with the Institute of Corporate Directors, covers crisis management from the board's perspective. We surveyed 400 corporate directors across Canada to learn how they have prepared and where more work is needed.
Based on the survey results, the paper provides key insights on how boards can help organizations effectively prepare for, respond to and withstand a crisis situation through the following:
- proactive prevention
- promoting and safeguarding the organization's reputation
- explicit crisis management planning
- defining and respecting management's and the board's roles in preparing for and responding to crises
We hope you will find The Board's Role in Crisis Management to be a valuable reference.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.